Lenzing to invest Euro 100 million in order to reduce carbon emissions

The Lenzing Group will drastically reduce its CO2 footprint. The Lenzing Group will invest Euro 100 million over the coming years to reduce carbon emissions both inside its operational boundaries (scope 1+2) and in its supply chain.

A first milestone is set for 2030, when Lenzing plans to reduce CO2 emissions per ton of product by almost 50% compared to a 2017 baseline. The total CO2 reduction of all the planned initiatives will yield 1.3 million tons (Mt).

“Climate change is the most important issue mankind is facing. With this commitment we are fully in line with the Paris climate agreement and will further help the world to reduce the speed of global warming. Our ambitious decarbonization targets make us a front runner, not only in the world of fiber producers but also among major industrial companies. Despite the substantial investment that is necessary, we are convinced that this is not only a very responsible step but that it will also be a value-generating move”, says Stefan Doboczky, CEO of the Lenzing Group.